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en-usCopyright 2015 Weblogs, Inc. The contents of this feed are available for non-commercial use only.Blogsmith http://www.blogsmith.com/http://www.autoblog.com/2010/12/17/report-detroit-automakers-paying-305m-to-uaw-retirees-for-infl/http://www.autoblog.com/2010/12/17/report-detroit-automakers-paying-305m-to-uaw-retirees-for-infl/http://www.autoblog.com/2010/12/17/report-detroit-automakers-paying-305m-to-uaw-retirees-for-infl/#commentsFiled under: UAW/Unions, Chrysler, Ford, GMThe Detroit Three's 267,000 hourly retirees will soon receive a COLA (cost of living allowance) of $700 each to cover the cost of inflation; an annual tradition that arrives in time for the holiday season. The 72,000 surviving spouses will also be rewarded with up to $455 to help with rising costs.

Permalink | Email this | Comments]]>pensionretireeuawunionFri, 17 Dec 2010 10:29:00 ESThttp://www.autoblog.com/feed/21031947/article-comments.xmlhttp://www.autoblog.com/feed/2010/12/17/report-detroit-automakers-paying-305m-to-uaw-retirees-for-infl/21031947/article-detail.xml21031947http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2010%2F06%2Fuaw.jpghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2010%2F06%2Fuaw.jpghttp://www.autoblog.com/2009/02/23/ford-uaw-reach-tentative-retiree-health-care-trust-fund-deal/http://www.autoblog.com/2009/02/23/ford-uaw-reach-tentative-retiree-health-care-trust-fund-deal/http://www.autoblog.com/2009/02/23/ford-uaw-reach-tentative-retiree-health-care-trust-fund-deal/#commentsFiled under: Etc., UAW/Unions, FordFord Motor Company says it has reached a tentative deal with the UAW regarding modifications to the Voluntary Employees' Beneficiary Association (VEGA) pact, the union's retiree health care trust. While specifics are not yet being divulged, the Blue Oval says that it has agreed to make up to half of its future payments into the fund with Ford common stock, although it may continue to use cash depending on the automaker's needs.

The district
court case between the United Auto Workers and the Ford Motor Co. will have to go without Judge Anna Diggs Taylor. The
judge has excused herself from the health care paring case, citing the fact that's on the Henry Ford Health
System's board. The case has been handed over to Judge Paul Borman, who will be the third magistrate assigned to
the matter. The move comes after Mark Baumkel, who is a lawyer for the plaintiffs opposed to the deal had called for
Taylor to remove herself from the case.